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Marsh: Taxing to Make Up for Drunken Sailor Spending

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    Mary Anne Marsh of the Dewey Square Group argues tax hikes are needed to improve the economy.

  • Duration 3:26
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Democrats these days say that raising taxes on the rich will help fix the economy they claim the President Clinton did the same and about policy welcome back meant.

But he is a quote from President Clinton himself referring to his budget plan at a campaign fund -- back in 1995.

I'm quoting them.

Probably -- people in this room still mad at me about budget because you think I raised your taxes too much it might surprise you to know that I think I raised -- too much to.

-- just last year 2011.

President Clinton said this about raising taxes in -- slowing economy again quoting directly.

Should you raise taxes on anybody right today.

Ritual -- middle class no because there's no growth in the economy that's from President Clinton last year.

Marion -- from the Dewey square group is in Massachusetts right now.

What he said -- that and I -- I mean the Democrats have a policy -- raise taxes on the rich that's gonna fix the deficit fix the economy.

The direct all visits of -- President Clinton I know you're a big President Clinton -- he says the exact opposite last year.

And he went on in the first -- to say but it was the right thing to do.

And no matter what you say about Bill Clinton nobody including his own words can take away from the fact that he created in doing that 23 million jobs can erase the deficit and -- -- -- just surplus we've ever had no we cannot do all day long.

About what the tax increase in 199293.

Created all these jobs that you told -- that we can argue all -- about that but what we cannot disagree on.

Is that Bill Clinton last year said don't raise taxes on any -- in a slowing economy.

Right now -- we've got a dramatically.

Slowing economy with eight point 2% unemployment shortly.

You don't think you don't really think that raising taxes on anybody right now is a good thing for the economy.

Ended in June Bill Clinton said you're gonna have to raise taxes on the middle class to.

When they get back on their feet because just raising taxes on the wealthiest.

Isn't gonna get us out of this big hole and I think that's an important thing here -- people back -- you won't let us comments and many don't ask you one nobody's.

The humility to raise taxes now do you really.

Does anybody want it -- but this is what happens from years of spending like drunken sailors and not taking action in the first three years who's not a kitten by this congress and this and that you -- that yeah George Bush spent the entire surplus like a drunken sailor.

His other the same thing it was Clinton who brought the surplus back Obama's gonna have to do the same thing and here's a reality nobody likes it okay is the bitter pill were all got.

Thirty seconds -- again gonna ask you the same question I asked every Democrat.

Tell me exactly how raising taxes in an economy that's flat on his back tell me exactly how back creates jobs -- It's flat and is back for 98% of the people this country is not for the upper one or 2%.

That's having -- letters and what's why ask their Gingrich.

I want you explain to give me the economic -- it you raise taxes in a down economy tell me how you produce jobs go.

You need to make investments and when everybody sitting on the sidelines and they won't put their cash and invest and it you're gonna have to make them do it only way to do it.

Spoken we -- you -- -- Marshall was a pleasure thank you very much.